Political and Investment Risk in the International Oil and Gas Industry

Steven A. Mucci

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Hardback

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English

Lexington Books
11 October 2017

Politics & government; Investment & securities; Gas industries; Petroleum & oil industries

This book examines the financial, legal and institutional strategies available to the international oil and gas industry to manage political and investment risk. The financial techniques for mitigating and allocating risk include corporate finance, joint ventures, and project finance.

The legal techniques include production sharing agreements, profit sharing agreements, service contracts, bilateral investment treaties, and multilateral investment treaties. The institutional techniques include domestic courts, national constitutions, international arbitral tribunals, governmental and non-governmental regulatory agencies, alliances and energy diplomacy.

This book traces the historical development of these techniques and their application in practice.

The effectiveness with which companies manage political and investment risk is important for the financial sustainability of individual firms and the industry as whole. The real and perceived level of risk affects the level of exploration expenditures and therefore the balance between supply and demand, and the price of oil and natural gas. The search for a secure supply of oil and gas affects the political, military, and economic relations between countries. Consequently, every developed and developing country has placed energy policy at or near the top of its national priorities.

By: Steven A. Mucci
Imprint: Lexington Books
Country of Publication: United States
Dimensions: Height: 236mm, Width: 161mm, Spine: 20mm
Weight: 476g
ISBN: 9781498546126
ISBN 10: 1498546129
Pages: 232
Publication Date: 11 October 2017
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Preface Acknowledgments List of Abbreviations Introduction Chapter 1: Institutions and Organizations in Theory Chapter 2: Organizations in Practice Chapter 3: Contract Provisions, Contract Disputes, Bilateral Treaties and Expropriations Chapter 4: Financing, Fiscal Regimes, Alliances, and Financial Reporting Chapter 5: Geopolitics, Multilateral Treaties, Forums, Energy Diplomacy, and National Security Chapter 6: Case Studies Chapter 7: Summary Conclusion Appendices About the Author

Steven A. Mucci teaches business at the College of St. Benedict and St. John’s University.

Reviews for Political and Investment Risk in the International Oil and Gas Industry

With first-hand knowledge and a true scholar's deep understanding, Steve Mucci explains how oil companies navigate churning markets and volatile governments across the world. Powerful yet vulnerable, these companies must employ a range of tools to mitigate economic, financial and political risks. Mucci's systematic analysis helps both practitioners and researchers better understand an industry that is a vital nerve center for the global economy. -- David Brian Robertson, University of Missouri, St. Louis Professor Mucci's Political and Investment Risk in the International Oil and Gas Industry combines the experience of a long-time industry insider with a sophisticated theoretical understanding of the issues surrounding international investment. This perceptive and deeply researched work documents the rise, fall, and rise of expropriations in the oil and gas industry and examines 63 investment arbitrations from 1996 to 2015. The book will be of great value to academics, practitioners, and policymakers alike, and I highly recommend it. -- Kenneth P. Thomas, University of Missouri